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Sold

Sold for $5,775,000
on Jul 31, 2019

Description

This is an excellent 13 unit apartment investment in Coronado, California. It is extremely rare for an asset of this size to come on the market in Coronado. The location of this property is in the most coveted area of Coronado - close to beaches, bay and the Hotel Del Coronado. This asset has been well maintained and still has that late 50's beach vibe. The unit mix is excellent, with 6 - two bedroom/one bath units, 3 - one bedroom/one bath units, and 4 studios. The rents are very close to market, and there is an opportunity to increase cash flow through improved management practices. This is the perfect opportunity for an investor to buy in one of the most coveted real estate markets in California and enjoy cash flow along with appreciation. **DO NOT WALK ON PROPERTY OR DISTURB TENANTS. SHOWN ONLY WITH AN ACCEPTED OFFER**

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Testimonials

As a first time home buyer, I could not have asked for someone more compassionate and reliable to be on my team. Colleen showed a personal interest in helping me find the perfect home, and stood with me every step of the way. She was always available when I needed help or advice. I put my utmost trust and faith in her and she never let me down. Exceptional to other real estate agents, she took the time to explain the process and what to expect, and this was critical to my finding a home I love. I would recommend her ten times over. Thanks, Colleen!Olivia Simpson